Sumitomo Mitsui DS Asset Management Company Ltd Sells 11,044 Shares of Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in Aptiv PLC (NYSE:APTV) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,370 shares of the auto parts company’s stock after selling 11,044 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aptiv were worth $2,079,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its stake in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new position in Aptiv in the third quarter worth about $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv during the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. increased its position in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APTV. StockNews.com assumed coverage on shares of Aptiv in a report on Friday. They issued a “hold” rating on the stock. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday. Finally, TD Cowen reduced their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Down 0.2 %

Shares of APTV stock opened at $63.96 on Tuesday. The stock has a market cap of $15.03 billion, a P/E ratio of 9.30, a PEG ratio of 0.54 and a beta of 1.74. The company’s fifty day simple moving average is $60.23 and its two-hundred day simple moving average is $64.15. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts predict that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.